Big Funding Announcements Of The Week
From healthtech to edtech, sectors are witnessing funding across the sectors even amidst the funding crunch
HealthKart Raises $135 Mn In Series H Round
HealthKart raises $135 million in a series H Funding round led by Temasek with the participation of A91 Partners and Kae Capital. It is a consumer nutrition platform.
According to the reports The funds will be utilised towards the growth of in-house D2C brands, increase offline distribution, expand international operations and make the select acquisition.
HealthKart has raised around $200 million in total funding to date. However, the valuation was not disclosed at which the current funding round was raised.
Synergy Capital Provides $100 Mn Credit To Sigma Lithium
Synergy Capital provides $100 million credit to fund Sigma Lithium’s next phase of growth. The expansion has the potential to catapult the company to one of the fourth largest lithium producers globally with a highly advantaged cost position and growth potential.
RENEE Cosmetics Raises $25 Mn In Series B Round
Renee Cosmetics, the Ahmedabad-based leading direct-to-consumer beauty brand, has raised USD 25 million in a Series B funding round led by Evolvence India and Edelweiss Group. The company’s existing investors Equanimity and 9Unicorns also participated in the funding at a valuation of USD 100 million, Renee Cosmetics said in a statement on Tuesday.
The company said the funding will help towards building its mission of making Renee Cosmetics a globally recognised Indian beauty brand.
Edtech Startup Uolo Bags $22.5 million
Edtech start-up Uolo raises $22.5 million in a Series-A funding round led by UAE-headquartered VC fund Winter Capital. The funding round saw participation from existing investors Blume Ventures and the new Dubai-based fund Morphosis Venture Capital. Uolo had previously raised seed funding of INR 20 Crore (USD 3Mn) led by VC funds Blume Ventures in November 2020.
CropIn Raises $14 Mn In New Funding Round
CropIn raises $14 million from Google, Singapore-based impact Assets and existing investors. Google and Impact Assets have invested Rs 40.78 crore and Rs 40 crore respectively while existing backers Chiratae Ventures and JSR Active Innovation Fund participated in the pre-series D round with Rs 24.47 crore and Rs 8.16 crore.
The Series D round seems to be an ongoing one and CropIn is likely to raise more money in the coming weeks.
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